Cash Rate Decision May 2023: RBA Increases Cash Rate To 3.85%
The Reserve Bank of Australia (RBA) has increased the cash rate to 3.85%. How Does The Cash Rate Affect My Interest Rate? Lenders add a margin to the official cash rate to determine the variable interest rate they offer to customers. So if you have a variable interest rate, it will almost certainly go up […]
NSW Labor To Repeal Property Tax Option For First-Home Buyers
The incoming NSW Labor government has announced plans to repeal the First Home Buyer Choice scheme, which came into effect on 16 January under former NSW premier Dominic Perrottet’s government. The scheme allowed first-home buyers (FHBs) purchasing owner-occupier properties valued at up to $1.5 million to opt out of stamp duty and pay an annual […]
Australian Property Market: NHFIC’s 2022-23 Report Insights
Every year, the National Housing Finance and Investment Corporation conducts comprehensive research into housing demand, supply and affordability in Australia. The NHFIC’s State of the Nation’s Housing Report 2022-23 was published on 3 April 2023. The Current State Of Australia’s Housing Market Here are notable findings from the report on the Australian housing market: In […]
Cash Rate Decision April 2023: RBA Holds Cash Rate At 3.60%
The Reserve Bank of Australia (RBA) held the cash rate at 3.60% How Does The Cash Rate Affect My Interest Rate? Lenders add a margin to the official cash rate to determine the variable interest rate they offer to customers. So if you have a variable interest rate, it will almost certainly go up with […]
What Caused the Rise in Australian Housing Values After 10 Months Of Decline?
After 10 months of decline, CoreLogic’s Home Value Index posted a month-on-month rise of 0.6% in March 2023. Values rose in the four largest capital cities, led by a 1.4% increase in Sydney. CoreLogic research director Tim Lawless noted that the rise was due to a mix of low advertised stock levels, tight rental conditions […]
Cash Rate Decision March 2023: RBA Raises Cash Rate To 3.6%
The Reserve Bank of Australia (RBA) increased the cash rate by 25 basis points today, taking it to 3.6%. How Does The Cash Rate Increase Affect My Interest Rate? Lenders add a margin to the official cash rate to determine the variable interest rate they offer to customers. So if you have a variable interest […]
Is Australia’s Housing Market Stabilising?
CoreLogic’s Home Value Index fell 0.14% in February 2023. This is the smallest monthly drop we’ve experienced since the cash rate started going up in May last year. Sydney’s dwelling values rose 0.3%; however, other capital cities’ did go down. Hobart’s and Darwin’s recorded steep falls of 1.4% and 0.3%, respectively. Is The Australian Housing […]
Cash Rate Decision February 2023: RBA Raises Cash Rate To 3.35%
The Reserve Bank of Australia (RBA) increased the cash rate by 25 basis points today, taking it to 3.35%. How Does The Cash Rate Increase Affect My Interest Rate? Lenders add a margin to the official cash rate to determine the variable interest rate they offer to customers. So if you have a variable interest […]
Housing Values Take A Smaller Hit
CoreLogic’s Home Value Index fell 1% in January 2023. This was the smallest month-on-month decline since June 2022. The reduction in the rate of decline was evident in most capital cities, except for Adelaide (-0.8%) and Perth (-0.3%), where housing values have been more steady than in other areas since interest rates started rising in […]
Housing Values 5.3% Lower In 2022
CoreLogic’s Home Value Index fell 1.1% in December 2022, which took values 5.3% lower over the 2022 calendar year. That result for the 12 months to December marked the largest calendar year decline since 2008, when values were down 6.4% during the Global Financial Crisis. Annual housing value falls were most significant in Sydney and […]
